Chana purchased 400 shares of Tronco Corporation stock for $40,000 in 2014. On December 1, 2021, Chana purchases 50 shares of Tronco stock.for $5,000. On December 27, 2021, Chana sells the 400 shares for $24,000. Chana purchases 200 shares of Tronco stock on January 16, 2022 for $8,000. Calculate Chana's recognized loss on sale of the 400 shares in 2021 and her basis in her 250 new shares: What is Chana's recognized gain or loss as a result of the sale on December 27, 2021? Purchase 1/1/2014 400 Shares Amount 40,000 Sale Proceeds Purchase 12/1/2021 50 5,000 Days Sale Days Purchase 26 12/27/2021 1/16/2022 20 400 200 $ $ 8,000 24,000